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NTG Clarity Provides a Corporate Update


Toronto, ON / TNW-Accesswire / March 24, 2021 / NTG Clarity Networks Inc. (TSX.V:NCI);NTG Clarity is pleased to provide a corporate update.


With regards to the MOU announced on February 16, 2021with a major bank for $2.5 Million CAD, NTG is finalizing the hiring of the first 10 resources for off shoring with the bank. In the meantime, the bank is working on issuing the first PO for these resources estimated to be $425,000 CAD. Work will begin once the onboarding of these resources is complete, as most of them have to give notice to their current employers that usually range in the Middle East between one to two months.


Additionally, NTG has started to work on a new project onsite for the above major bank with estimated value of $335,000 CAD.


With regards to Q4 and NTG’s year end 2020 results, we are on target to complete the audit and announce these results before the end of April as per the Ontario Securities Commission/TSX reporting requirements.


“NTG is moving forward with the projects awarded to us though projects do take some time to ramp-up. We at NTG are working hard to capitalize on the booming demands for IT and Telecom Services. At NTG we have established ourselves in these verticals as a leading provider of quality services at a very competitive price.” said Kristine Lewis, NTG Clarity’s President.


About NTG Clarity Networks Inc.

NTG Clarity Networks’ vision is to be a global leader in providing networking solutions. As a Canadian company established in 1992, NTG Clarity has delivered networking, IT and network enabled application software solutions to network service providers and large enterprises. More than 275 network professionals provide design, engineering, implementation, software development and security expertise to the industry’s leading network service providers and enterprises.


Forward Looking Information

Certain statements in this release, other than statements of historical fact, are forward looking information that involves various risks and uncertainties. Such statements relating to, among other things, the prospects for the company to enhance operating results, are necessarily subject to risks and uncertainties, some of which are significant in scope and nature.


These uncertainties may cause actual results to differ from information contained herein. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward looking statements are based on the estimates and opinions of the management on the dates they are made and expressly qualified in their entirety by this notice. The Company assumes no obligation to update forward looking statements should circumstances or management's estimates or opinions change.


The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.


For Further Information:

Kristine Lewis, President, NTG Clarity Networks Inc.

Ph: 905-305-1325

Fax: 905-752-0469

Email: klewis@ntgclarity.com